Corporate/Finance: Page 7

  • The mall entrance of a brightly light "Forever 21" store.
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    "Forever 21" by Mike Mozart is licensed under CC BY 2.0
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    Forever 21 creditors probe IP sale to Authentic Brands Group

    The brand management firm quietly took full ownership of the retailer's trademarks and intellectual property licenses some time in the last five years.

    By Daphne Howland • April 17, 2025
  • A Rent the Runway sign is pictured.
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    Michael M. Santiago/Getty Images via Getty Images
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    Rent the Runway rethinks customer service approach

    Shifting to more proactive service, the team now spends 14% of its time calling customers to build loyalty, according to CEO Jennifer Hyman.

    By Bryan Wassel • April 16, 2025
  • A group of models wearing clothes by designer Willy Chavarria pose on steps, flanked by potted palm trees. Explore the Trendline➔
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    Thierry Chesnot via Getty Images
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    Trendline

    Top 5 stories from Fashion Dive

    Fashion faced its share of shakeups in the first half of 2025, but few industries are more adept at reinvention or more suited to change.

    By Fashion Dive staff
  • Models walk a white runway wearing clothing from Dior.
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    Kristy Sparow via Getty Images
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    LVMH could consider price hikes in wake of tariffs

    The Louis Vuitton holding company saw revenue for its fashion and leather goods division fall 4% but cautioned its beauty and spirits division may be more vulnerable to tariffs.

    By • April 15, 2025
  • The exterior of the Mytheresa headquarters.
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    Courtesy of Mytheresa
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    Mytheresa, Richemont deal for YNAP gets regulatory approval

    Once the transaction is closed, Mytheresa will operate under a new name.

    By • April 14, 2025
  • A cream-colored J.C. Penney storefront with signage in red letters.
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    Courtesy of J.C. Penney
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    J.C. Penney operator axes 9% of corporate roles

    The downsizing at Catalyst Brands comes less than two months after 250 corporate employees, or 5% of that workforce, were laid off.

    By Daphne Howland • April 14, 2025
  • A closeup of a smart phone displaying the Shein and Temu apps.
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    Justin Sullivan via Getty Images
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    30% of consumers to stop buying from Shein and Temu if prices rise: report

    A survey from Omnisend shows that customers were cutting back their shopping on the platforms even before Trump’s China tariff threats.

    By • April 11, 2025
  • Models walk the runway wearing pastel colors.
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    Pietro S. D'Aprano via Getty Images
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    Prada to buy Versace for $1.4B

    The deal frees up owner Capri Holdings to rebuild its Michael Kors and Jimmy Choo brands following a failed merger with Tapestry.

    By • April 10, 2025
  • Three cellphone screens display different pages of the Lyst shopping app.
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    Courtesy of Lyst
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    Lyst sells for $154M

    Japan-based Zozo will buy the company as part of its strategy to expand globally.

    By • April 10, 2025
  • A close-up view of a white sneaker with the word "Puma" written on it.
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    Andreas Rentz via Getty Images
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    Puma names new North America president

    Tara McRae, formerly the company’s senior vice president of brand and strategy, will succeed Bob Philion, effective immediately.

    By • April 9, 2025
  • A Timberland storefront in an outlet mall.
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    The image by Harrison Keely is licensed under CC BY 4.0
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    VF names chief operating officer as transformation plan continues

    Abhishek Dalmia’s promotion is one of several executive changes at the Vans and Timberland owner since CEO Bracken Darrell took over in 2023.

    By • April 8, 2025
  • A person walks past a store with a Fendi sign. The interior of the store is brightly lit and the exterior is dark and it appears to be nighttime.
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    Lauren DeCicca via Getty Images
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    LVMH names 3 new CEOs

    The luxury firm shuffled its leadership team, appointing top executives at Fendi, Kenzo and Louis Vuitton.

    By • April 7, 2025
  • Photo of a Guess store
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Guess to close underperforming stores in North America

    The company’s Rag & Bone acquisition is driving revenue increases, but profits plunged in the holiday quarter.

    By Daphne Howland • April 7, 2025
  • A police officer walks near cocaine seized from a cargo ship at a Philadelphia port during a news conference at the U.S. Custom House on June 21, 2019 in Philadelphia, Pennsylvania.
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    Eduardo Munoz Alvarez via Getty Images
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    De minimis shipping from China ending in May, other countries at risk

    The White House plans to nix the exemption for other countries once systems are in place to collect duty revenue, with few exceptions.

    By Max Garland • April 4, 2025
  • A man holds smiles with an open mouth at the camera as he holds up a sign reading "reciprocal tariffs" and listing multiple countries and percentage amounts.
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    Chip Somodevilla via Getty Images
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    Deep Dive

    Fashion industry reacts to sweeping tariff changes

    Experts say the new policies are likely to raise prices and weaken consumer confidence, and are unlikely to bring U.S. manufacturing back.

    By • April 3, 2025
  • Rep. French Hill
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    Win McNamee / Staff via Getty Images
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    House GOP asks SEC to rescind ESG disclosures, names rules

    The rules to combat greenwashing were included among a list of rescissions of Biden-era policies the House Financial Services Committee requested.

    By Lamar Johnson • April 3, 2025
  • A lone model stands on a darkened runway under a single spotlight.
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    Alena Zakirova via Getty Images
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    Capri CFO exits

    Thomas Edwards, who heads to Macy’s, leaves at a financially challenging time for the Michael Kors, Versace and Jimmy Choo parent company.

    By • April 2, 2025
  • A massive downtown department store building.
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    "Exterior view of historic Neiman Marcus flagship store in Dallas, Texas as seen from Commerce Street." by Dfwcre8tive is licensed under CC BY 3.0
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    Neiman Marcus in downtown Dallas to stay open through the holidays

    Parent company Saks Global, in concert with the city, is evaluating alternate plans for the location as a potential art, fashion or entertainment destination.

    By Kaarin Moore • April 2, 2025
  • A model in a knit beanie hat leads a line of other models down a runway.
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    JP Yim via Getty Images
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    PVH beats guidance but continues to struggle

    Fourth quarter revenue was down at both Calvin Klein and Tommy Hilfiger, and the company projected a potential for further declines in the first quarter of 2025.

    By • April 1, 2025
  • The flag of the European Union is projected on helium balloon reflected in a puddle on a cobblestone street.
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    Gabriel Kuchta via Getty Images
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    European Council adopts proposal to delay sustainability reporting

    The European Parliament scheduled an April 1 vote for the “stop the clock” measure, which would officially delay reporting deadlines for the bloc’s corporate sustainability laws.

    By Lamar Johnson • April 1, 2025
  • The Federal Trade Commission emblem on the Constitution Center in Washington, D.C.
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    Laurel Deppen/Fashion Dive
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    FTC considers petition for digital labels on apparel

    The American Apparel and Footwear Association is petitioning for online garment care instructions, with the support of brands including Ralph Lauren and Patagonia.

    By • Updated March 31, 2025
  • Two men in matching pastel argyle sweater vests and jeans walk down a fashion runway arm-in-arm.
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    Marco M. Mantovani via Getty Images
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    Staff International sues Dsquared2 over contract dissolution

    The OTB-owned manufacturing company filed a lawsuit to prevent the fashion label from prematurely terminating a ready-to-wear licensing agreement.

    By • March 31, 2025
  • A person with white wired headphones and a white bag stands outside a clothing store.
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    Daphne Howland/Fashion Dive
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    Lululemon leans on newness to lure reluctant US customers

    This year the brand plans to expand its footprint by opening stores and enlarging existing locations, and will add new markets abroad.

    By Daphne Howland • March 31, 2025
  • Beyoncé stands next to stacked clothing dryers and wears a cowboy hat for a Levi's campaign
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    Courtesy of Levi's
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    Levi’s CEO: ‘If the wallet’s tighter, then we have to work harder’

    Pickier shoppers just means higher execution is needed from the denim brand, Michelle Gass said. But a little help from Beyoncé never hurts.

    By Cara Salpini • March 28, 2025
  • The Temu website is displayed alongside the official logo on screens.
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    Ben Montgomery via Getty Images
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    Temu accused of acting in bad faith in addressing customer complaints

    A class action lawsuit alleges the fast fashion company is scheming to prevent customers from filing claims.

    By • March 28, 2025
  • A closeup of a model's legs, wearing Sneex shoes and wide legged jeans.
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    Courtesy of Sneex
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    Spanx founder’s ‘Sneex’ trademark request denied

    Sara Blakely’s footwear company has to prove trademarking the term isn’t “merely descriptive.”

    By • March 27, 2025